Santa Fe inn's $7 million profit-sharing plan

NEW YORK (CNNMoney) "I did everything from washing dishes to cleaning the rooms to staffing the front desk," he said. Now the longtime owner of Santa Fe's El Rey Inn, White, 67, continues the tradition of family hospitality. "The philosophy...

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Stocks look set to end July with whimper

NEW YORK (CNNMoney) All the major indexes fell in early trading Thursday and gave back almost all the gains they made in July. The Dow, S&P 500 and Nasdaq are all down almost 1%, with the Dow dropping 130 points. Only the Nasdaq is still...

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Six obstacles to being a cyborg

NEW YORK (CNNMoney) Protruding from the back of Harbisson's skull is a metal antenna that allows him to convert the frequencies for color into frequencies for sound and vice versa. He was born colorblind and the appendage has essentially given him...

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Tesla's new battery teammate: Panasonic

A rendering of Tesla's planned Gigafactory. NEW YORK (CNNMoney) The companies announced Thursday that Panasonic (PCRFF) will contribute an undisclosed sum to a proposed "Gigafactory," the location of which has yet to be announced. Panasonic will...

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Another food scandal? KFC just cannot win

HONG KONG (CNNMoney) Parent company Yum! Brands (YUM) warned Thursday that global profits could suffer this year as sales in China tumble following revelations that one of its suppliers was using tainted and expired meat. Yum immediately cut...

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Target taps Wal-Mart veteran to lead comeback

Brian Cornell left his CEO job at PepsiCo to take the top job at Target. NEW YORK (CNNMoney) Brian Cornell has been named by Target (TGT)as its CEO, effective Aug. 12. Cornell, who's 55, is coming directly from PepsiCo (PEP), where he oversaw...

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U.S. losing tech talent to Canada

Eunni (left), Moyal and Jaouen took their innovative startups ... to Canada NEW YORK (CNNMoney) For Madhuri Eunni -- originally from Hyderabad, India -- Canada offered her the ability to finally launch her own company, which she wasn't able to...

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Stocks play it cool ahead of the Fed

NEW YORK (CNNMoney) The Dow Jones industrial average, the S&P 500 and the Nasdaq all gained in early trading. The Nasdaq was up more than 0.6%, thanks to a big rally in shares of Twitter (TWTR, Tech30). Economy warms up: The U.S. economy...

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Weddings? Babies? Now college kids are registering for gifts too

Gift registries aren't just for weddings and baby showers anymore. NEW YORK (CNNMoney) Gift registries have long been popular for lots of big life events, and now we can add college to the list. Big box retailers make it easy for teens to...

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Meat scandal takes a bite out of McDonald's sales in Japan

HONG KONG (CNNMoney) The fast food chain's Japanese unit said Tuesday that it will fall short of profit and sales targets for the year, after a longtime meat supplier was shut down last week by authorities for unsanitary practices. As meat from...

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Chevy Volt is insurance group's Top Safety Pick

NEW YORK (CNNMoney) That's why General Motors' (GM) Chevy Volt won top marks for safety in small cars. The Volt was named "Top Safety Pick Plus" Wednesday by the Insurance Institute for Highway Safety, because besides earning an "acceptable" rating...

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Stocks: 5 things to know before the open

Click on chart to track premarkets LONDON (CNNMoney) Wall Street is waiting on key economic data releases Wednesday and the numbers could have a major impact on trading trends. U.S. stock futures were making modest moves higher ahead of the...

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Apple buffs up radio service with string of acquisitions

NEW YORK (CNNMoney) Swell is like a Pandora (P) for talk radio, learning listeners' preferences and creating personalized stations with streaming talk radio content from NPR, TED, PBS, New York Times (NYT), BBC (BBCN) and more. Users can also select...

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These startup ideas are money magnets

Investors are excited about companies like Enjoy Life Foods, which makes gluten and allergen-free products. NEW YORK (CNNMoney) But financing isn't easily available for every business idea, said William Phelan, president of small business credit...

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Stocks flat ... but keep eye on UPS and Apple

NEW YORK (CNNMoney) The Dow, the S&P 500 and Nasdaq were all slightly higher. But even though the broader market was flattish, there were several interesting stocks on the move. Here's what you need to know: 1) UPS can't deliver: Shipping...

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Delta to offer free entertainment on U.S. flights

Delta is going to stop charging passengers for in-flight entertainment. NEW YORK (CNNMoney) But Delta Air Lines (DAL) says it will offer free movies, TV shows, music and video games on all U.S. flights of 90 minutes or more, starting Friday....

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Microsoft faces China antitrust probe

HONG KONG (CNNMoney) Authorities say they're investigating the company for possible violation of China's anti-trust laws. China's State Administration of Industry and Commerce visited Microsoft offices in Beijing, Shanghai, Guangzhou and Chengdu...

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Stocks: 5 things to know before the open

Click on chart to track premarkets LONDON (CNNMoney) Here are the five things you need to know before the opening bell rings in New York: 1. U.S. earnings: Major companies including UPS (UPS) were slated to report earnings before the opening...

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Investors yawn on another Merger Monday

NEW YORK (CNNMoney) The Dow, S&P 500, and Nasdaq were all flat in early trading. Investors are probably focused more on the deluge of economic reports coming later this week: a read on gross domestic product (GDP) for the second quarter, a meeting...

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Richard Branson's Virgin America files for IPO

Virgin America has filed for an initial public offering. NEW YORK (CNNMoney) While the West Coast-based airline got its name from Branson's Virgin Atlantic airline, it is not mostly owned by Branson, Virgin Atlantic or Virgin Group. That's because...

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China will soon be the world's top business travel market

Per capita business travel spending in China still under $200 -- far less than the $800 U.S. average. HONG KONG (CNNMoney) Business travel spending in China hit $225 billion last year -- or 23% of the $1.1 trillion global total. That's second...

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Stocks: 4 things to know before the open

Click on chart to track premarkets HONG KONG (CNNMoney) Here are the four things you need to know before the opening bell rings in New York: U.S. stock futures were practically flat as investors showed little interest in getting their feet...

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Dollar stores joining forces

Family Dollar is being acquired by dollar-store rival Dollar Tree for $8.5 billion. NEW YORK (CNNMoney) Dollar Tree (DLTR) is buying its larger rival for $74.50 a share in cash and stock, 23% more than Family Dollar's closing price on Friday,...

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BuzzFeed fires viral politics editor for plagiarizing

NEW YORK (CNNMoney) BuzzFeed editor in chief Ben Smith said he and his colleagues had identified "41 instances of sentences or phrases copied, word for word, from other sites, many of them inappropriate sources in the first place," during a review...

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Math nerds are taking over Wall Street

Quant trader Elie Galam at the Panorama Partners' New York City office. He is not a Wolf of Wall Street. NEW YORK (CNNMoney) But guess what? They are rapidly being replaced by "quants" -- soft-spoken super nerds armed with high-tech software...

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There's no place like the economy

NEW YORK (CNNMoney) The curtain is about to be pulled back to reveal some key economic data. Here's what you need to know. It's the economy, stupid: Investors will have to wait until Friday for the main event of the week: the all-important July...

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Would-be giant in online house hunting has brokers scared

NEW YORK (CNNMoney) The rumored deal -- the companies won't confirm it -- sent the companies' stocks soaring Friday as the chatter gathered steam. The companies don't charge for publishing these listings of homes for sale, but they do charge...

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Math nerds are taking over Wall Street

Quant trader Elie Galam at the Panorama Partners' New York City office. He is not a Wolf of Wall Street. NEW YORK (CNNMoney) But guess what? They are rapidly being replaced by "quants" -- soft-spoken super nerds armed with high-tech software...

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BuzzFeed fires viral politics editor for plagiarizing

NEW YORK (CNNMoney) BuzzFeed editor in chief Ben Smith said he and his colleagues had identified "41 instances of sentences or phrases copied, word for word, from other sites, many of them inappropriate sources in the first place," during a review...

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Would-be giant in online house hunting has brokers scared

NEW YORK (CNNMoney) The rumored deal -- the companies won't confirm it -- sent the companies' stocks soaring Friday as the chatter gathered steam. The companies don't charge for publishing these listings of homes for sale, but they do charge...

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Mary Poppins won't work for minimum wage

NEW YORK (CNNMoney) But in a parody from Funny or Die, the Disney character (played by Kristin Bell) is quitting her job because that's all the Banks family will pay her. She struggles to make ends meet while making $7.25, the federal minimum...

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Lyft gets the green light in New York City

Rideshare app Lyft, known for the pink mustaches on car grills, will launch in New York on Friday NEW YORK (CNNMoney) After two weeks of sparring with New York City taxi regulators, rideshare app Lyft can start serving the five boroughs -- provided...

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Lyft gets the green light in New York City

Rideshare app Lyft, known for the pink mustaches on car grills, will launch in New York on Friday NEW YORK (CNNMoney) After two weeks of sparring with New York City taxi regulators, rideshare app Lyft can start serving the five boroughs -- provided...

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Mary Poppins won't work for minimum wage

NEW YORK (CNNMoney) But in a parody from Funny or Die, the Disney character (played by Kristin Bell) is quitting her job because that's all the Banks family will pay her. She struggles to make ends meet while making $7.25, the federal minimum...

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Would-be giant in online house hunting has brokers scared

NEW YORK (CNNMoney) The rumored deal -- the companies won't confirm it -- sent the companies' stocks soaring Friday as the chatter gathered steam. The companies don't charge for publishing these listings of homes for sale, but they do charge...

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Move over Hollywood! Louisiana is top for film production

Wingate Jones in front of his New Orleans business. NEW YORK (CNNMoney) With a temperate climate and generous tax incentives, Louisiana has been luring the California-based film industry south, creating thousands of new jobs and businesses in...

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